An Achilles’ heel is a deadly weakness in spite of overall strength, that can actually or potentially lead to downfall.
In Greek mythology, when Achilles was a baby, it was foretold that he would die in battle from an arrow in the foot. To prevent his death, his mother Thetis took Achilles to the River Styx which was supposed to offer powers of invincibility and dipped his body into the water. But as Thetis held Achilles by the heel, his heel was not washed over by the water of the magical river. Achilles grew up to be a man of war who survived many great battles. But one day, a poisonous arrow shot at him was lodged in his heel, killing him shortly after. Still, Achilles is remembered as one of the greatest fighters who ever lived.
"I know as many people who have been successful in other ventures as trading, but i havent met as many people who have quit in disgust in other ventures as i have trading..."
This one line from a highly respected fx trader on another forum is the centre of discussion on this thread. Why traders fail to make consistent profit from the market? Sure, we can have a winning trade here and there but winning consistently has very little to do with the system or methodology we follow as a trader.
Inability to accept the randomness of the market is THE Achilles' heel every trader.
In Greek mythology, when Achilles was a baby, it was foretold that he would die in battle from an arrow in the foot. To prevent his death, his mother Thetis took Achilles to the River Styx which was supposed to offer powers of invincibility and dipped his body into the water. But as Thetis held Achilles by the heel, his heel was not washed over by the water of the magical river. Achilles grew up to be a man of war who survived many great battles. But one day, a poisonous arrow shot at him was lodged in his heel, killing him shortly after. Still, Achilles is remembered as one of the greatest fighters who ever lived.
"I know as many people who have been successful in other ventures as trading, but i havent met as many people who have quit in disgust in other ventures as i have trading..."
This one line from a highly respected fx trader on another forum is the centre of discussion on this thread. Why traders fail to make consistent profit from the market? Sure, we can have a winning trade here and there but winning consistently has very little to do with the system or methodology we follow as a trader.
Inability to accept the randomness of the market is THE Achilles' heel every trader.
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